CBA to undercut rivals' rates

By
webmaster

Posted on Monday, 12 September 2011

0

shares

The Commonwealth Bank of Australia has vowed to beat any hot mortgage offers advertised by the other majors over the next month.

The bank’s executive general manager retail products Michael Cant said CBA’s “home loan guarantee” would be available until the end of September to all new customers who borrow a minimum of $100,000 as well as existing customers who take out new borrowings of $100,000 or more.

Mr Cant said competition between the majors was very intense at the moment and the bank’s home loan guarantee ensured it stayed one step ahead of its competitors.